Donald Trump hits back at Barack Obama ‘trying to take credit’ for US economic boom after ex-President’s sly tweet
PRESIDENT Trump blasted former President Barack Obama for taking credit for America’s economic boom in both of their administrations. On Monday morning, Obama tweeted a photo of what appeared to be his signature at the foot of the Recovery Act, a stimulus package passed in February 2009. “Eleven years ago today, near the bottom of […]
PRESIDENT Trump blasted former President Barack Obama for taking credit for America’s economic boom in both of their administrations.
On Monday morning, Obama tweeted a photo of what appeared to be his signature at the foot of the Recovery Act, a stimulus package passed in February 2009.
“Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history,” he wrote.
Trump quickly rebuffed Obama’s claim on Twitter and slammed it as a “con job,” claiming that “the best is yet to come.”
“Did you hear the latest con job? President Obama is now trying to take credit for the Economic Boom taking place under the Trump Administration,” the president wrote.
In a subsequent tweet, Trump decried the economic recovery under Obama as the weakest since the Great Depression of 1929.
He even asserted that the US would be in dire financial straits had the Democratic party won the 2016 presidential election.
The Trump campaign doubled down on their criticisms and told The Hill the economy is recovering purely because of the president’s efforts.
“Obama and Biden orchestrated the worst economic recovery in modern history,” White House Press Secretary Kayleigh McEnany said in a statement on Monday.
“It’s no wonder Democrats seek to take credit for the Trump economy after eight years of betraying blue-collar workers and inflicting pain upon the middle class as Americans everywhere suffered.”
Despite Trump’s claims, the $787 billion American Recovery and Reinvestment Act sparked the longest period of economic job growth and creation in US history, according to the Hill.
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Democrats have repeatedly said that Trump inherited an already-healthy economy repaired under the Obama administration following an economic downturn that began in December 2007.
Unemployment steadily fell after peaking at 10 percent early in Obama’s first presidential term during the Great Recession.
It has continued to drop under Trump, reaching its lowest point in a half-century.
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